Alpha and Omega Semiconductor Q2 revenue beats analyst expectations

Overview

• Semiconductor maker's fiscal Q2 revenue beat analyst expectations

• Adjusted EPS for fiscal Q2 missed analyst expectations

• Company anticipates growth in smartphone and AI data center markets

Outlook

• Company expects fiscal Q3 revenue of $160 mln, plus or minus $10 mln

• Alpha and Omega Semiconductor anticipates GAAP gross margin of 20.2%, plus or minus 1%

• Company sees growth in smartphones due to higher charging currents in 2026

Result Drivers

• SMARTPHONE SALES - Revenue was driven by strong sales to a Tier One U.S. smartphone customer, reflecting market share gains and increased BOM content on premium platforms

• R&D INVESTMENTS - Co is making focused R&D investments in performance-driven applications to support future growth

• PC MARKET IMPACT - Overall PC demand is expected to be affected by tightening memory supply, though growth is seen in AI data centers

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the semiconductors peer group is "buy."

• Wall Street's median 12-month price target for Alpha and Omega Semiconductor Ltd is $24.00, about 7.8% above its February 4 closing price of $22.27

• The stock recently traded at 176 times the next 12-month earnings vs. a P/E of 87 three months ago

Press Release: ID:nBw90F757a

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